Retired Brits are feeling the squeeze like never before. Pensioners now need to cough up an extra £2,700 in tax each year just to enjoy the same lifestyle they had four years ago, according to new figures shared by The Telegraph.
Back in the 2020-21 tax year, a comfortable retirement meant paying around £5,058 in income tax. Fast forward to 2023-24, and that figure has jumped to £7,787 — a 54% increase, with no luxury upgrades to show for it. Just the same weekly shop, the same meals out, and the same annual holiday now come with a much bigger tax bill.
